B. Riley Comments on Marcus Corp.’s FY2017 Earnings (MCS)
Marcus Corp. (NYSE:MCS) – Stock analysts at B. Riley raised their FY2017 earnings per share (EPS) estimates for Marcus Corp. in a report issued on Thursday. B. Riley analyst E. Wold now anticipates that the brokerage will post earnings of $1.30 per share for the year, up from their prior forecast of $1.25. B. Riley currently has a “Buy” rating and a $30.00 price objective on the stock. B. Riley also issued estimates for Marcus Corp.’s FY2018 earnings at $1.45 EPS.
Marcus Corp. (NYSE:MCS) last posted its earnings results on Thursday, July 28th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.05. The firm earned $134 million during the quarter, compared to analysts’ expectations of $129.43 million. Marcus Corp. had a return on equity of 9.45% and a net margin of 6.55%. The firm’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.32 earnings per share.
Other equities research analysts have also issued research reports about the company. Benchmark Co. increased their target price on Marcus Corp. from $26.11 to $28.19 and gave the company a “buy” rating in a research note on Monday, September 26th. Zacks Investment Research upgraded Marcus Corp. from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Wednesday, September 14th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $29.30.
Shares of Marcus Corp. (NYSE:MCS) opened at 25.15 on Friday. The company’s 50-day moving average price is $24.00 and its 200 day moving average price is $21.31. Marcus Corp. has a 1-year low of $17.44 and a 1-year high of $25.49. The stock has a market cap of $693.11 million, a PE ratio of 16.35 and a beta of 0.66.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, August 25th were paid a dividend of $0.1125 per share. The ex-dividend date of this dividend was Tuesday, August 23rd. This represents a $0.45 dividend on an annualized basis and a yield of 1.79%. Marcus Corp.’s dividend payout ratio (DPR) is presently 36.00%.
In other Marcus Corp. news, VP Thomas F. Kissinger sold 1,500 shares of the stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $23.05, for a total transaction of $34,575.00. Following the transaction, the vice president now owns 47,254 shares of the company’s stock, valued at approximately $1,089,204.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Philip L. Milstein sold 4,000 shares of the stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of $24.29, for a total value of $97,160.00. Following the transaction, the director now directly owns 80,213 shares in the company, valued at approximately $1,948,373.77. The disclosure for this sale can be found here. Company insiders own 33.75% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MCS. BNP Paribas Arbitrage SA increased its position in Marcus Corp. by 114.1% in the second quarter. BNP Paribas Arbitrage SA now owns 5,818 shares of the company’s stock worth $123,000 after buying an additional 3,100 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new position in Marcus Corp. during the first quarter worth approximately $174,000. Arizona State Retirement System purchased a new position in Marcus Corp. during the second quarter worth approximately $206,000. BlackRock Inc. increased its position in Marcus Corp. by 615.1% in the second quarter. BlackRock Inc. now owns 10,090 shares of the company’s stock worth $213,000 after buying an additional 8,679 shares in the last quarter. Finally, Bank of Montreal Can purchased a new position in Marcus Corp. during the second quarter worth approximately $251,000. 55.93% of the stock is currently owned by institutional investors.
About Marcus Corp.
The Marcus Corporation owns and operates movie theatres, and hotels and resorts. The Company operates through two business segments: movie theatres, and hotels and resorts. Its theatre operations include around 55 movie theatres with around 681 screens throughout Wisconsin, Illinois, Iowa, Minnesota, Nebraska, North Dakota and Ohio, including two movie theatres with 11 screens in Wisconsin and Nebraska owned by third parties and managed by it.
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